Philip Chong
HCRE Hung & Chong Real Estate
HCRE Hung & Chong Real Estate portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$50 million – office 43%, condo 36%; Manhattan 62%, Queens 37%
932th largest portfolio by dollar value
167,077 sqft – office 61%, condo 38%;
1359th largest by SF
19 properties – Manhattan 84%, Queens 15%
138th largest
17 residential units – Manhattan 100%, Bronx 0%
781th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 1 for $10.9 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Top Ten Associated People:
Timothy Chan (1), Nim Chi Lau (1)
Recent activity as signatory:
• HCRE Hung & Chong Real Estate borrowed $10.9 million from Shanghai Commercial Bank for 198 Delancey Street, 198 Delancey Street, 198 Delancey Street, 198 Delancey Street, 198 Delancey Street, and others, Lower East Side, Manhattan on January 25, 2023.
• HCRE Hung & Chong Real Estate borrowed $60.9 million from Shanghai Commercial Bank for 261 Canal Street, Soho, Manhattan on February 25, 2020.